Deprince Race & Zollo Inc. Acquires 297,389 Shares of Interface, Inc. (TILE)

Deprince Race & Zollo Inc. lifted its holdings in Interface, Inc. (NASDAQ:TILE) by 26.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,400,976 shares of the textile maker’s stock after purchasing an additional 297,389 shares during the period. Deprince Race & Zollo Inc. owned about 2.28% of Interface worth $30,681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Federated Investors Inc. PA grew its stake in shares of Interface by 1.2% in the 2nd quarter. Federated Investors Inc. PA now owns 50,004 shares of the textile maker’s stock worth $983,000 after purchasing an additional 600 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Interface by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,846 shares of the textile maker’s stock worth $154,000 after purchasing an additional 1,175 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of Interface by 1.2% in the 1st quarter. Teachers Advisors LLC now owns 113,338 shares of the textile maker’s stock worth $2,159,000 after purchasing an additional 1,309 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Interface by 9.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,185 shares of the textile maker’s stock worth $436,000 after purchasing an additional 1,880 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Interface by 1.7% in the third quarter. Rhumbline Advisers now owns 143,899 shares of the textile maker’s stock worth $3,151,000 after acquiring an additional 2,455 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors.

Interface, Inc. (NASDAQ:TILE) traded up $0.05 during mid-day trading on Wednesday, hitting $23.25. 537,400 shares of the company traded hands, compared to its average volume of 437,146. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.40 and a current ratio of 2.51. The firm has a market capitalization of $1,428.17, a PE ratio of 20.35 and a beta of 1.32. Interface, Inc. has a twelve month low of $16.80 and a twelve month high of $23.85.

Interface (NASDAQ:TILE) last posted its quarterly earnings results on Wednesday, October 25th. The textile maker reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $257.43 million during the quarter, compared to analysts’ expectations of $255.63 million. Interface had a net margin of 5.53% and a return on equity of 21.39%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. analysts predict that Interface, Inc. will post 1.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Thursday, November 9th. Interface’s dividend payout ratio is currently 30.59%.

In other Interface news, VP Stansfield Nigel sold 8,450 shares of Interface stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $19.26, for a total value of $162,747.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel T. Hendrix sold 6,000 shares of Interface stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $19.95, for a total transaction of $119,700.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,450 shares of company stock valued at $2,018,267. 1.90% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on TILE. ValuEngine downgraded shares of Interface from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and issued a $19.00 target price on shares of Interface in a research report on Friday, July 28th. BidaskClub downgraded shares of Interface from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Nomura lifted their target price on shares of Interface from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research raised shares of Interface from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Saturday, October 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $23.50.

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Interface Profile

Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.

Institutional Ownership by Quarter for Interface (NASDAQ:TILE)

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